Traders Will Adjust Positions Based On Crude Oil Price
Schwab Network
English - March 21, 2023 19:09 - 5 minutes - 67.1 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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"Crude oil price hit $64 and we are back to where we were 15 months ago. There has been a tremendous sell-off. The whole world is betting that there will be a recession. Investors thought that China reopening would be more vigorous for commodities and this has betrayed cotton and corn. The corn price hit 8 month lows. Crude oil has been the canary in the coal mine," says Chris Robinson.